Post by
andy604 on Sep 17, 2021 12:42am
target
I agree they are a excellent target to acquire , but buying back a few million shares does not shake the earth, 267m to 265m means little to me. But paying debt to 0 means skies the limit. I can see the big players looking at this lean company and its reserves for the future.Also any cold snap this year or early 2022 would send BIR to new highs for sure
Comment by
PlutusofCrete on Sep 17, 2021 8:24am
I've msged this before...Jeff and Mike Rose from Tourmaline have a friendly relationship. They worked together on initiatives to promote Alberta's O&G industry when it was under attack these last few years. 2023 - BIR will be sold to TOU - hopefully close to $20.
Comment by
andy604 on Sep 17, 2021 11:54am
I hope you are right plutus, but that is a pretty lofty target
Comment by
PlutusofCrete on Sep 17, 2021 12:28pm
I really hope I'm right as well. If we can get ourselved to $15 (strong NG prices, no debt, and 5-7% dividend, LNG Canada, Ksi Lisims LNG), I'm hoping Mike Rose will come along and pick us up from the $17-$20 range.
Comment by
robert41 on Sep 17, 2021 12:58pm
Mike Rose sees the future better than anyone. I think he would be making an offer today why wait and have to pay more if things are that bright. I'm bullish here but I think you'll see supply increase next year if these prices stay to high.
Comment by
PlutusofCrete on Sep 17, 2021 2:42pm
Let's hope supply does not increase.
Comment by
llerrad5 on Sep 18, 2021 6:24pm
It looks like BIR is setting itself up? No debt, no hedging, perfect candidate.
Comment by
barneyj44 on Sep 18, 2021 7:48pm
No hedging but Bir has some debt that it's paying off much faster in this high NG environment. From last quarters news release in August. in 2021. Total debt at year-end is now expected to be $500 million to $520 million (previously $600 million to $620 million), primarily as a result of higher anticipated free funds flow in 2021